Consumer payments in the United States gradually have been shifting away from paper checks for the past several years …. Cash use has declined as well, although at a much slower pace. As the number of check payments has decreased, those … payments have been replaced with electronic and card payments. However, the transition from paper to electronic and card …

matching model of consumers with diverse preferences over the use of different payment methods for p2p payments. The random … matching model is calibrated to the share of p2p payments made with cash, paper check, and electronic technologies observed …